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Melbourne Polytechnic supports Trade Support Loans Program

05 Oct 2014

Apprentices who are enrolled in Melbourne Polytechnic’s Certificate III in Patisserie course from 1 July 2014 will be able to apply for the Trade Support Loans Program, which has been introduced to ease financial pressure on apprentices. Most apprentices who were eligible for Tools for Your Trade payments will now be eligible for Trade Support Loans.

Recognising that apprentices in selected industries are learning key skills for Australia’s future, the federal government has introduced the Trade Support Loans (TSL) Programme for Certificate III or IV qualifications that lead to an occupation on the National Skills Needs List, or a Certificate II, III or IV qualification in agriculture or horticulture.

The TSL instalments are paid monthly in arrears over four years, and result in total payments of up to $20,000. These payments will be indexed to the Consumer Price Index from 2017.

TSL can be paid regardless of the apprentice’s age, existing worker status or income (though income level will impact when the loan must be repaid, as there is a compulsory repayment threshold).

In addition, apprentices who successfully complete their training will receive a 20% reduction of their TSL debt.

At Melbourne Polytechnic, apprentices in the Certificate III in Patisserie can access the TSL Program. Click here for more information about the loans.

Detailed information about the Trade Support Loans Programme is available here.

Interview / Photo Opportunity

Media enquiries should be directed to the Melbourne Polytechnic Communications Coordinator, James Gardener, on 03 9269 1579, 0413 483 182 or ua.ud1561456167e.tim1561456167n@ren1561456167edrag1561456167semaj1561456167

Melbourne Polytechnic is an exciting new educational provider operated by parent Institute, Northern Melbourne Institute of TAFE. Melbourne Polytechnic delivers certificate, diploma and degree programs across a wide range of creative, commercial and service industries. In addition, Melbourne Polytechnic delivers selected higher education programs in conjunction with La Trobe University.

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